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Raymondville ISD CFO reports $3.58 million levy, 94.93% collection and presents investment review
Summary
Chief Financial Officer David Longoria told the board the district's tax levy was $3,577,815 with $3,396,504 collected (94.93%) for September; he also reviewed the district's investments and presented the annual investment review required by board policy.
Chief Financial Officer David Longoria presented the board with the district's tax-collection report and a business/financial update. He reported a tax levy of $3,577,815 and collections of $3,396,504 for September 2024, equal to a 94.93% collection rate. The financial report included a listing of operating checks and the district's revenues and expenditures as of Sept. 30, 2024.
Longoria also presented the district's investment portfolio and the required Annual Investment Review covering approved investment instruments, designated investment officers and investment training. The transcript contained a typographic error for the investments total; the intended amount reported in the review context is $3,685,215 (corrected for clarity). The investment-policy review was noted as "required by board policy."
